1.8.8 Clear or Reject Settlement

This topic provides the systematic instructions to clear or reject the Payment Clearing record.

1. Select the Transaction option in the Level field in the Payment Clearing Detail screen.
2. In the Payment Mode field, select the Link Settlement Number option. You must key in the link settlement number for the settlement that you want to clear or reject in the Specific Number field.
3. Click Show button to retrieve all the transactions that are to be settled together for the specified Link Settlement Number.
   The system retrieves the details for these transactions and displays the same in the lower grid portion of the screen.

   • The Transaction Number
   • The Txn Dtl
   • The Payment Mode Description
   • The Payment Details
   • The transfer account details (the Bank Name, Branch Name, Account Type, Account Number, Account Currency and Account Name)
   • The clearing instrument number
4. Specify the clearing date for the settlement in the Clearing Date field. In the case of link settlement numbers, all the transactions must be cleared together or rejected together.
   Individual transactions cannot be cleared or rejected in isolation. Therefore, you must specify the clearing dates for all the transactions together.
5. Select Clear All option to mark all the transactions for clearing, or Reject All option to mark all the transactions for rejection after you have specified the clearing dates for all the transactions.
6. Click Save button to actually effect the clearance of the settlement.